How it works

The NPP uses ISO 20022 messaging schema, an international standard format used for electronic data interchange between financial institutions or organisations that move money and data. The benefit of ISO 20022 is that it is a global interoperable standard that conveys more data than most other messaging formats.

What can you do with the NPP?

The New Payments Platform provides innovators with capability building blocks that can be used in different ways to create new payments experiences and enable efficient, cost-effective back-end processing.

There is a broad spectrum of innovative possibilities that could be brought to life by the Platform – from supporting emergency payments, helping corporate treasurers unlock their working capital, embracing more efficient reconciliation, or enabling real-time payments overseas.

Many of these innovative possibilities could incorporate PayID – the Platform’s addressing service that enables payments to be directed to accounts using information that is easier to remember than a BSB and account number, such as a phone number, email address or Australian Business Number.

Outside retail, corporate and institutional banking, the industries and sectors that could benefit from the Platform’s capabilities include insurance, superannuation, ecommerce, payroll, the gig economy, securities and company corporate actions. But the NPP’s potential is not restricted to these sectors alone.

A great deal of innovation could occur ‘before’, ‘after’ or ‘around’ the real-time payment leg of a product or service. Examples of this include the real-time funding or defunding of digital payments wallets, short-term lending, the first or last domestic leg of an international remittance, or QR Code driven products.

Read more about accessing the Platform and the NPP API Framework and Sandbox.

We are focused on developing native capability to support a range of use cases, which can be used by participating financial institutions and third parties to realise different commercialisation opportunities. By developing native platform capability, governed by a common rules framework administered by NPPA, it is akin to providing ‘building blocks’ that others can put together in different ways to deliver payment products and services outside the platform.

NPPA does this by establishing different ‘business services’ that have different uses. A business service can either be used in its native form by participating financial institutions and third parties, or it can be further built upon and commercialised by an organisation wanting to develop an Overlay Service on top.

To download our latest NPP Roadmap, click NPP Roadmap 2019_28 Oct 2019.

The NPP has been intentionally designed to be ‘open access’. Depending on the end-goal, there are a number of pathways an organisation could follow to access the NPP and its benefits.

Accessing the Platform

We have a range of guides and short discussion papers that illustrate how the NPP can be brought to life.

Resource centre

Osko by BPAY is an overlay service developed for use on the NPP. Launched in February 2018, its first iteration enables real-time peer-to-peer payments via the user’s regular internet or mobile banking service. It also enables users to include up to 280 characters to describe their payments, including emojis!

To read more about Osko, visit